SINGAPORE (Nov 4): Direct-selling company Best World reported 3Q earnings more than doubled to $8.9 million from a year ago from higher sales from direct selling.
Revenue nearly doubled to $52.2 million from a year ago as revenue from its direct selling segment grew 54.2% growth to $32.4 million and revenue from its export segment more than quadrupled to $18.6 million.
However, gross profit margin in 3Q declined to 71.6% from 77.1% due to a higher proportion of revenue generated from the export segment, driving distribution costs down despite increasing revenue.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
